“We cannot have an economy where credit growth slows down to 10-11% and the economy grows at 6.5-7%. But if you just look at what is starting to happen is there was a deficit of liquidity of about three lakh crores and just recently we seem to see that there are signs of the central … Read more
India has set eyes to become the third largest economy by 2030 while its Viksit Bharat vision is to make the country a developed nation by 2047. However, unemployment continues to be a major headache for the country even as it grew 8.2 per cent in FY24 and has managed to grow at an average … Read more
Sometimes the most helpful of things can have an unintentional fallout. Take the 45-day payment rule for MSMEs for instance. With preparation underway for the Union Budget 2024-25, finance ministry officials are trying to understand the unintended impact of the new provision under the Income Tax Act that mandates payments to micro, small and medium … Read more
New Delhi: The Centre on Friday extended the interest equalisation scheme on pre- and post-shipment rupee export credit by two months for the micro, small and medium enterprises (MSMEs). The scheme, which seeks to promote outbound shipments by providing interest benefits to exporters, was to end on June 30. It has now been extended to … Read more
FAPSIA president V. Murali Krishna and Aster Ramesh Hospital chairman Dr. Ramesh Babu exchanging a copy of an MoU in presence of MSME Minister Kondapalli Srinivas, at a programme organised in connection with International MSME Day celebrations in Vijayawada on Thursday. | Photo Credit: G.N. Rao MSME, SERP and NRI Empowerment and Relations Minister Kondapalli … Read more
New Delhi: Indian exporters have sought priority shipment facilities for local micro, small and medium enterprises (MSME) as transhipment of Bangladesh‘s export cargo to third countries through the Delhi Air Cargo complex is causing delays, inflating freight expenses. The Noida Apparel Export Cluster (NAEC), where 80% of the apparel production and export units are MSMEs, … Read more
New Delhi: The government has prioritised the development of micro, small and medium enterprises (MSME) to allow them to grow and compete globally, finance minister Nirmala Sitharaman said Thursday. “It is an important policy priority for our government to ensure timely and adequate finances, relevant technologies and appropriate training for the Micro, Small and Medium … Read more
More than two lakh Micro, Small and Medium Enterprises (MSMEs) have been started in the State under the Industries department’s entrepreneurship year initiative with a total investment of ₹12,537 crore and creating 4.3 lakh jobs, Industries Minister P .Rajeeve has said. Addressing a press conference here on Friday, Mr. Rajeeve said as on December 29, … Read more
Chairman of Kalaburagi Branch of ICAI Mallikarjun Mahantgol and KKCCI president Shashikant Patil addressing a press conference in Kalaburagi on Sunday. | Photo Credit: ARUN KULKARNI The Southern India Regional Council (SIRC) of Institute of Chartered Accountants of India (ICAI) in association with Kalyana Karnataka Chamber of Commerce and Industry, Kalaburagi, will be organising the … Read more
Turning jobseekers into job-givers is an important goal of the government and many steps have been taken in recent years to achieve this objective, said Chief Economic Adviser V Anantha Nageswaran. “It relieves pressure on the job market. In terms of financing, the credit guarantee scheme that was launched during Covid, and continued until this … Read more